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You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?
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You deposit $2000 into an account earning 5% interest compounded quarterly. To the nearest dollar, what is the balance after 4 years?

User Evgen Filatov
by
8.4k points

1 Answer

2 votes

Answer:

$1000

Explanation:

User Pazams
by
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